(VIANEWS) – Coffee (KC) has been up by 8.3% for the last 21 sessions. At 05:54 EST on Thursday, 30 March, Coffee (KC) is $169.65.
Today’s last reported volume for Coffee is 1446, 92.39% below its average volume of 19019.24.
Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.07%, a negative 1.67%, and a positive 2.30%, respectively.
Coffee’s highest amplitude of average volatility was 2.04% (last week), 2.43% (last month), and 2.30% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Coffee’s commodity is considered to be overbought (>=80).
- Crude oil forecast: crude oil rallies to kick off the week – 28 March 2023. According to DailyForex on Tuesday, 28 March, "The West Texas Intermediate Crude Oil market, or US Oil market, has rallied slightly during Monday’s trading session, with the market trying to pick itself up from recent lows. "
- According to FXStreet on Wednesday, 29 March, "That said, the weekly prints of the American Petroleum Institute’s (API) Crude Oil Stock data marked a surprise daw in inventories by flashing -6.076M figure for the week ended on March 24 versus the previous addition of 3.262M."
- According to FXStreet on Tuesday, 28 March, "In doing so, the Loonie pair fails to justify the latest pause in the WTI Crude Oil price, as well as the US Dollar’s broad weakness.", "It’s worth noting that the WTI Crude Oil prints mild losses near $72.80 while consolidating the biggest daily loss in 10 months, marked the previous day. "
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